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News :

Lower Fairfield County sees decline in house prices as some US cities ...
Greenwich Time
People who already live in town are also less likely to trade up if they're already in a $3 million home. "There may be a lot of people who own those homes in town, but there aren't necessarily a lot of people buying them," said Andruss of Greenwich's ...

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Slowdown strikes home sellers
Perth Now
SELLING a home takes up to twice as long as it did two years ago, according to new research. RP Data has found the time on the market for the average Australian house is 77 days and for a unit it takes about 51 days to find a buyer.

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Bozeman Citizens Tour 'Ultimate' Open Houses
NBC Montana
Prospective home buyers in Bozeman got a taste of the housing market on Sunday. Prudential Real Estate in Bozeman held an "Ultimate Open House Event." Citizens could tour over 30 houses for sale in several different areas around town.



Buying Land in Central Portugal
Expat Forum
I am looking to buy some land around the Ansiao area with a view to building on it at some point in the future. (will be 3+ years min). However, I would welcome any perspective on what we are doing and either validate what I have been told or give me ...



Water Tower fest encourages buying local
The Courier-Journal
?We're eating local and buying local stuff at home,? said Dobbs, 38, of Henryville. By midafternoon, Summer Auerbach, president of the Louisville Independent Business Alliance, said this year's attendance had already surpassed the 4000 organizers ...

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Water Tower fest encourages buying local
The Courier-Journal
?We're eating local and buying local stuff at home,? said Dobbs, 38, of Henryville. By midafternoon, Summer Auerbach, president of the Louisville Independent Business Alliance, said this year's attendance had already surpassed the 4000 organizers ...

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Councils repossess share scheme homes
Irish Examiner
The shared ownership scheme was aimed at people who could not afford to buy their home in one go, allowing them to start by buying a proportion of a home with the local authority, increasing their ownership in steps until they owned it all.



Mortgage Introducer

NewBuy costs more than renting
Mortgage Introducer
The paper looked at the prospects for NewBuy and compared the cost of purchasing a new home under NewBuy to the cost of renting or buying via a shared equity product such as FirstBuy. Outside London Hometrack said NewBuy is not as attractive a ...



Far East buyers beware in London property rush
Business Recorder (blog)
His experience shows the potential pitfalls facing a growing number of Far Eastern people buying British homes unseen as developers target places such as Hong Kong, Shanghai and Singapore because British buyers are struggling to get mortgages.

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Lower Fairfield County sees decline in house prices as some US cities ...
Stamford Advocate
People who already live in town are also less likely to trade up if they're already in a $3 million home. "There may be a lot of people who own those homes in town, but there aren't necessarily a lot of people buying them," said Andruss of Greenwich's ...

and more »


Gateway Mortgage Expands Into Nebraska Market
National Mortgage Professional Magazine
Gateway Mortgage Group has acquired its largest branch and has entered the Omaha market with its newest location in Omaha, Neb. Mortgage industry veteran, Kent Geschwender will lead the newly acquired branch and its staff of eight seasoned loan ...

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Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Nine states are using part of the money for mortgage relief, and part of it for other programs. Indiana is using half of it to assist low-income households with energy bills. Idaho, Utah, Nebraska, Kansas, Wisconsin, North Carolina, Maine and West ...

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Wyo ranks low for mortgage delinquencies
Casper Star-Tribune Online
... mortgage delinquency rates in the first quarter, according to credit bureau giant TransUnion. Wyoming registered the fourth lowest rate at 2.43 percent, behind North Dakota (1.51 percent), South Dakota (2.11 percent) and Nebraska (2.31 percent).

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TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009
MarketWatch (press release)
CHICAGO, IL, May 09, 2012 (MARKETWIRE via COMTEX) -- The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that ...

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TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009
SYS-CON Media (press release)
CHICAGO, IL -- (Marketwire) -- 05/09/12 -- The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that began in ...

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Berkshire Mortgage Venture Bets on Florida's Rebound
BusinessWeek
By Margaret Collins on May 04, 2012 Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett's Berkshire Hathaway Inc. (BRK/A) (A) and Leucadia National Corp. (LUK) (LUK), is expanding in Florida as it prepares for an end to the state's ...

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Bloomberg

Berkshire Mortgage Venture Bets on Florida's Rebound
Bloomberg
Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett's Berkshire Hathaway Inc. (BRK/A) and Leucadia National Corp. (LUK), is expanding in Florida as it prepares for an end to the state's real estate slump. ?Florida in general is on the ...

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National Mortgage Professional Magazine

Greg Redmond to Lead New REMN Branch in Kansas City
National Mortgage Professional Magazine
The new Kansas City location will serve the Kansas City area, as well as Missouri, Tennessee and Nebraska. Redmond is a 25-year veteran of the mortgage industry and a lifelong area resident. A member of the Mortgage Bankers Association (MBA) and the ...

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Munn Re-elected as Chairman of the FFIEC State Liaison Committee
CUinsight.com (press release)
Munn is the Director of the Nebraska Department of Banking and Finance, where he has served since January 2005. The Department supervises state-chartered financial institutions, registered and licensed financial entities including mortgage banking, ...

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Aurora Continues Dismantling
Mortgage Daily
By MortgageDaily.com staff Following word that Aurora Bank FSB is closing its origination unit, laying off more than a hundred Missouri employees and unloading a servicing portfolio -- the company now plans hundreds of layoffs in Indiana and Nebraska.

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News :

Borrowers pass up foreclosure review
KPLC-TV
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.



CBS 3 Springfield - WSHMBorrowers pass up foreclosure review
WSHM-TV
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.

and more »


Borrowers pass up foreclosure review
WGCL Atlanta
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.

and more »


KCTV 5Borrowers pass up foreclosure review
KCTV Kansas City
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.

and more »


Lawyers prey on foreclosure-facing homeowners in San Fernando Valley...
Los Angeles Daily News
Breen is among more than 1000 potential victims of attorneys across the state who are targeting homeowners facing foreclosure as part of the fallout of the mortgage crisis that began in 2007. These attorneys charge fees with the promise of stopping the ...

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Decreases seen in mortgage delinquencies
Home Channel News
Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31, 2012 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.



New York Hearings on 'Forced' Insurance in Foreclosure
Insurance Journal
In some cases, the premiums are ?exponentially higher? than regular homeowners insurance and can push homeowners into foreclosure, Department of Financial Services Superintendent Benjamin Lawsky said last Thursday at the start of public hearings on ...

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Foreclosure Threatens Hopkins Church
CBS Local
The West Oaks Community Church in Hopkins is facing the threat of foreclosure. The sanctuary of West Oaks Community Church is where its members find faith. It is the place they pray for the impossible, and it's also where they're trying to make their ...



Church That Supported Marriage Equality At Risk Of Foreclosure
Lez Get Real
According to Reverend Oliver White, the pastor at Grace Community United Church of Christ in St. Paul, ?Technically, we should be packing.? The church is likely to default on a high interest loan that they took out. On 1 June, the church will default ...

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Washington Times

Housing deal bust upsets Fairfax County supervisors
Washington Times
By David Sherfinski Fairfax County lost about $2.4 million on a Reston housing complex that went into foreclosure several years ago - news that was not formally relayed to the county's Board of Supervisors until this year. ?You don't lose [that amount] ...



Arizona, US banks still struggle with TARP, mortgage fund
Phoenix Business Journal (blog)
It's been more than four years since the US Department of the Treasury invested $204.9 billion into 707 banks of all sizes under the Troubled Asset Relief Program initiative known as the Capital Purchase Program. In return for the investment, ...

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Foreclosure drop seen nationwide
Columbia Daily Tribune
National mortgage-foreclosure activity in April decreased 5 percent from March and was down 14 percent from April 2011, according to a report by RealtyTrac released yesterday. One in every 698 US housing units had a foreclosure filing during the month.

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ABC6OnYourSide.com

Alleged Mortgage Fraud Ring Leader Sentenced
ABC6OnYourSide.com
Orms allegedly gained possession of millions of dollars from lenders through fraudulent mortgage applications. Orms recently lived in Arizona. He was not ordered to pay restitution because, a Franklin County prosecutor says, he most likely did not have ...

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Foreclosures Hit a Record Low
Zacks.com
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

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Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

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Scottsdale Mortgage Fraud: Real Estate Investor Sentenced to More Than Eight ...
JD Supra (press release)
?Today's sentence signifies the continued commitment by the FBI, the Arizona Mortgage Fraud Task Force, and the United States Attorney's Office in targeting mortgage fraud,? said James L. Turgal, Jr., FBI Special Agent in Charge, Phoenix Division.

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AXcess News

Foreclosures down, short sales up. Are banks getting smart?
AXcess News
Homeowners get to shed their mortgage debt faster - and with less damage to their credit rating. Short sales began outpacing foreclosures in some states late last year. Six states saw more preforeclosure sales - typically, short sales - than ...

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Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
?Our preliminary first-quarter sales data shows that pre-foreclosure sales ? typically short sales ? are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.? After three straight monthly ...

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Foreclosures plunge to 5-year low in US recovery
Monterey County Herald
The "gradually rising foreclosure tide" forecast by RealtyTrac after a February settlement by the nation's biggest mortgage servicers over faulty practices has yet to materialize, limiting the number of properties on the market and propping up prices.

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U.S. foreclosures at a 5-year low
San Francisco Chronicle
The "gradually rising foreclosure tide" forecast by RealtyTrac after a February settlement by the nation's biggest mortgage servicers over faulty practices has yet to materialize, limiting the number of properties on the market and propping up prices.

and more »